Retirement
from24/7 Wall St.
1 day agoHow Top Executives Structure Their 401(k) to Pay Zero Taxes in Retirement
Managing diverse retirement assets is crucial to avoid tax collisions and achieve zero taxes in specific years.
Most employer 401(k) plans allow mid-year changes to the deferral election percentage. Before the bonus pay period, raise the deferral rate high enough to funnel as much of the bonus as possible into the 401(k), up to the annual limit.